Answer Posted / prakash

Only cash based transactions considered to arrive profit /
loss of a F.Y. irrespective of the transaction belongs to
either previous year or the following year.

In Mercantile system transactions belongs to the current
year only considered to arrive profit / loss of the F.Y.
whether the transaction is cash based or credit based. All
companies follow Mercantile system only.

Please provide me the entire format of P.F. & ESI

2055

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Give Any three special cases of computation of capital Gain U/s 45(1A) to 45(6)?

2230

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Can anybody tell me diference between provisions of Profit and Loss account prepared as per company act & Income Tax Act?

1823

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X draws a bill on Y for Rs 20,000 for 3 months on 1.1.05. The bill is discounted with banker at a charge of Rs 100. At maturity the bill return dishonoured. In the books of X, for dishonour, the bank account will be credited by Rs. (a) 19,900 (b) 20,000 (c) 20,100 (d) 19,800

3490

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how sales invoices adjusted against advance received from Debtor?

1827

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how to calculate forefeiture of share when over subcription

2189

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salary entry with briefly including pf,esi,employee advances -journal entry with against payment entry

1539

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correction of sundry creotors

2599

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What is diffrence Between GPF and EPF?.. can anybody explain..?

2036

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OUR COMPANY IS ENGGAGED IN CONSTRUCTION ACTIVITY .WE ARE GOING TO PURCHASE EXACAVATOR MACHINE FROM THE INTERSTATE.WHETHER THE ABOVE PURCHASE COVERED BY ISSUING THE C FORM.

2166

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Define the term material facts in accounting?

1172

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WHAT IS THE PORTFOLIO MANAGMENT SCHEMES ? ITS WHICH TYPES INCOME ?

1865

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Explain which accounting application you prefer most and why?

938

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what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.

1773

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what is the entry of credit card received excess amount entry in tally and their under group names

1328

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